Daily Update for: 3/16/06

YI: +4
Trying to bottom out: MSO
Attempting to hold some rising trend line support: AIG, SNE, and the VXO
To no position for now: JNPR
Now attempting to break above some falling trend line resistance: AAPL, DO, EBAY, heating oil, MDC, NI, RMBS, SKS, SYMC, VIGN, WGII, and WMB
Attempting to break above horizontal trend line resistance: DD
Attempting to break above the 28 day moving average: ANH, ASA, BPOP, DELL, EOG, HMY, and PEG
Now up against some rising trend line resistance: IRF, the E-Mini 500, and SUN
Moderately overbought at this point: The BKX index, ELY, IBM, IYM, JNPR, MO, RIG, TKR, and the XOI index.
Standard overbought here: CPB, HMC, KMX, LSI, SCHW, WY, and XLF
Extremely overbought: CREE and FTO
A possible top at this point: The DRG index, DUK, EWG, EWI, EWP, EWQ, EWU, IRF, NOK, and TTH
Anything posted here may be off base.